Commodity Market Outlook Today 5-August-2014

Commodity Market Outlook Today 5-August-2014

Posted: Tue Aug 05, 2014 3:50 am

by Jhon Kumar

Gold futures fell for the fourth time

Silver futures for September delivery dropped 0.7 percent

Crude traded near the highest price in three days

Gold futures fell for the fourth time in five sessions as a U.S. equity rally reduces demand for the precious metal as an alternative investment. Gold fell 3 percent last month on concern that the Federal Reserve would raise interest rates as the economy gained traction. Silver futures for September delivery dropped 0.7 percent to $20.233 an ounce on the Comex. Earlier, the price touched $20.20, the lowest since June 19.